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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$133,609$133,609$220,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$86,891$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%5.764%7.42%
1st payment$629.21$629.21$1,493.74
2nd payment$0.00$651.68$0.00
Taxes / mo$194.67$194.67$194.67
Insurance / mo$150.00$150.00$150.00
MI / mo$108.33$108.33$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,082.20$1,733.88$1,882.51
Cash to close$111,391$24,500$24,500